HomeNewsLATEST LOVEITTS AUCTION REVEALS THERE TRULY IS SOMETHING FOR EVERYONE AS FIRST TIME AUCTION BUYERS ON THE INCREASE

LATEST LOVEITTS AUCTION REVEALS THERE TRULY IS SOMETHING FOR EVERYONE AS FIRST TIME AUCTION BUYERS ON THE INCREASE

7th March 2019

LATEST LOVEITTS
AUCTION REVEALS THERE TRULY IS SOMETHING FOR EVERYONE AS FIRST TIME AUCTION
BUYERS ON THE INCREASE

A recent survey conducted by one of Coventry and
Warwickshire’s leading estate agents has revealed that an increasing amount of
first time auction buyers are attending their bi-monthly auctions as Coventry
continues to be an attractive investment location.

Loveitts, who have offices in Coventry, Leamington Spa and
Nuneaton have consistently attracted high numbers to their ever-popular
auctions with a record number of prospective buyers attending Loveitts’ first
auction of the calendar year.

Held at the Village Hotel, Coventry, the auction room was
packed with over 400 budding buyers all with one goal in mind - to bag
themselves a bargain.

Prospective buyers at the auction also included a number of
experienced auction-goers, some of whom were from outside of the Coventry and
Warwickshire region.

Investors from as far afield
as London attended on the night with the wide variety of properties and
land opportunities up for grabs proving to be a huge attraction for potential
buyers.

Experts at Loveitts believe the
competitive property prices and the high yield opportunities from the lots on
offer are a huge draw to outside investors, making the Coventry and
Warwickshire area a highly sought after location.

With great transport links to
London, Birmingham and the North, two universities nearby and with Birmingham
airport in close proximity, Coventry is fast becoming a location of choice for
homeowners and investors alike.

According to the Loveitts survey, the number of first time
auction buyers attending their most recent February auction has also increased
since their auction in early December.

The
popularity of auctions has grown substantially over the last year with more
vendors opting for this method of selling and buying properties.

Findings from the survey have suggested that auction
continues to become an increasingly conventional route to purchasing a property
due to their ease and the price competitiveness of the lots on offer.

Loveitts Director and Auctioneer Sally Smith commented: “The number of people who have been
attending our auctions signals a growing confidence amongst vendors opting to
sell their house by auction rather than the traditional route. We have had a
good start to the year having had some record breaking auctions last year.

“The fact
our most recent auction had a bumper attendance demonstrates their increasing
popularity, not only amongst local people but with those from outside of the
Coventry and Warwickshire region

“Coventry
and Warwickshire is becoming one of the most sought after locations in the UK
for investors and the rise in investors from outside the area attending our
auctions confirms this.

“We always
ensure that there is something for everyone in our auctions by offering a range
of properties that are suited to the needs of our vendors.”

The next
Loveitts auction will take place on Thursday 21st March at the
Village Urban Resort, Canley, Coventry at 6:30pm.

Loveitts,
which is Coventry’s only local auctioneer, is unique as it specialises in
properties and land only across Coventry and Warwickshire.

Loveitts is
one of Coventry and Warwickshire’s longest established estate agents.
Established in 1843, it is now the largest independent multi-discipline
practice of estate agents, chartered surveyors, valuers and auctioneers in the
region.